CLEVELAND, OH - A Northeast Ohio appliance store is part of a massive store closure.
88 HH Gregg stores will be closed by next month including the store in Fairlawn. The reason: poor sales.
The appliance and electronic store chain says about 1,500 will be laid off around the country. Three other stores in Ohio will also be closed including the ones in Mansfield, Newark and Springdale.
"We are strategically exiting markets and stores that are not financially profitable for us," said Robert J. Riesbeck, HH Gregg's President and CEO in a news release. "This is a proactive decision to streamline our store footprint in the markets where we have been, and will continue to be, important to our customers, vendor partners and communities. We feel strongly that the markets we will remain in are the right ones for our customers and our business model. Our team is dedicated to moving forward and being a profitable 132 store, multi-regional chain where we will continue to be a dominant force in appliances, electronics and home furnishings."
(Photo by Getty Images)
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